Venturi Wealth Management LLC Has $536,000 Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Venturi Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 67.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,261 shares of the transportation company’s stock after acquiring an additional 2,523 shares during the quarter. Venturi Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $536,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Addison Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. Catalytic Wealth RIA LLC lifted its position in shares of Canadian Pacific Kansas City by 7.8% in the third quarter. Catalytic Wealth RIA LLC now owns 10,701 shares of the transportation company’s stock worth $915,000 after purchasing an additional 770 shares in the last quarter. Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $42,000. Ashton Thomas Securities LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth approximately $75,000. Finally, YCG LLC raised its position in shares of Canadian Pacific Kansas City by 9.3% in the third quarter. YCG LLC now owns 419,180 shares of the transportation company’s stock valued at $35,857,000 after purchasing an additional 35,589 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.6 %

Shares of NYSE CP opened at $76.90 on Wednesday. Canadian Pacific Kansas City Limited has a 52-week low of $69.08 and a 52-week high of $91.58. The company’s 50 day moving average price is $82.07 and its 200-day moving average price is $80.77. The company has a market capitalization of $71.77 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 2.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 19.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Finally, Barclays raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $93.68.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.